Akeem is a high-net-worth individual who makes hos own investment decisions. His private banker assists him with the investment choices. He has just met with his private banker and has confirmed that his portfolio continues to meet his ongoing requirements.

Based on previous recommendations from his private banker, Akeem has invested USD20m directly in the main asset classes cash, bonds, equity, and real estate.

In the past 12 months, these investments have provided Akeem with the following income:

Income type

Coupons Dividends

Rent Interest

Amount (USD) 25,000 180,000 25,000 1,000

In addition, Akeem has funds in an exchange-listed pooled investment, which is managed by Apex Collective, an independent fund manager. Akeem has advised his private banker that he values the benefits Apex offers, which are cost efficiency, investment diversification, management expertise and resources to assess the best opportunities for the fund.

At a future meeting with his private banker, Akeem mentioned that he has some additional funds to invest. For these funds, he requires an investment that offers the potential for financial growth and capital protection. The private banker suggested a product solution to meet this requirement.

-The type of wealth management services the private bank is offering to Akeem in relation to his directly invested assets can best be described as: a. Advisory b. Discounted

c. Discretionary

d. Incentivized

-How much income did Akeem generate in the past 12 months from his investments in the bond and real estate asset classes? a. USD26,000 b. USD50,000

c. USD181,000

d. USD205,000

-Apex collective is most likely to offer Akeem which of the following benefits? a. A no success, no fee, payment structure for its portfolio management services b. Cost sharing with other investors within its exchange-listed investment fund. c. Investments in high-risk single securities to achieve guaranteed high returns. d. Resources to share investment recommendations with named wealthy investors.

-which of the following product solutions is the private banker likely to have suggested to Akeem as the most suitable for his additional funds mentioned at the future meeting? a. Collective investment b. Exchange-traded fund

c. Mutual fund

d. Structured deposit

-Which asset class provided Akeem with the highest amount of income in the past 12 months?

a. Bonds b. Cash c. Equity d. Real estate